Court decides that groundbreaking £150m class action on behalf of UK car buyers can proceed

London’s specialist competition court, the Competition Appeal Tribunal, on Friday gave the green light to a class action on behalf of millions of motorists and businesses, who bought or leased a new car between October 2006 and September 2015, to claim against 5 shipping companies that imported cars into Europe. The class action is one of the first of its kind to be filed in the UK and is estimated to be worth around £150m in damages for car buyers. Woodsford is backing the claim.

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Sony lawsuit claimant’s reddit Ask Me Anything backfired

An “Ask Me Anything Q&A” on reddit hosted by the lead claimant of the recently filed anti-competition lawsuit against Sony backfired when the claimant evaded questions about how much she and Woodsford, who is backing the claim, stand to gain if they win the case.

Insights

Avoiding Fee Fatigue and “Accidental Contingencies” with Late-Stage Litigation Finance

Brendan Dyer of Woodsford explains why partnering with a funder at a late stage of litigation is often a great solution in situations of fee fatigue, where a client has been involved in protracted litigation and is evaluating whether the potential recovery justifies the additional time and money required to prevail, as well as for “accidental contingency situations”, where the scope of the matter has crept beyond the expectations of the funder and the client, and the funder faces the specter of significant financial risk once the budget runs out.

New Fundings

Woodsford backs UK claim against Sony over Playstation prices

Woodsford is backing a claim against Sony Group filed on 19 August 2022 in the UK’s Competition Appeal Tribunal (CAT). It is alleged that Sony is breaching UK and EU competition law by abusing its dominant position resulting in consumers paying inflated prices for digital PlayStation games and add-on content.

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